Chart Industries today said it has signed a Memorandum of Understanding (MoU) with Energy Capital Vietnam (ECV) to promote the distribution of LNG within Vietnam.
As part of the MoU, Chart will supply downstream equipment into ECV’s terminal projects.
Energy Capital Vietnam is a Vietnam-focused project development and asset management company that works closely with Vietnam’s Office of the Prime Minister and the Ministry of Industry and Trade (MOIT), the key authoritative body that oversees the energy sector.
With a population of nearly 100 million, Vietnam benefits from both Federal and Provincial government commitment to cleaner sources of energy. The country’s total LNG demand is estimated to reach 10 million tonnes per year by 2030 and much is expected to be imported from the US.
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